
If You Can ‘Like' Everything, Do You Value Anything?
At news aggregator Digg.com, every 'digg' or 'bury' helped determine which articles would be featured and which would not. Online community Everything2.com similarly used upvotes and downvotes, as well as a 'cool' button labeled 'C!' Blog platform Xanga had an 'eProps' button that allowed readers who didn't want to leave a comment to at least acknowledge that they appreciated a post. Review site Yelp Inc. aimed to reward users for reviewing restaurants and other businesses by having readers label the reviews 'useful,' 'funny' or 'cool.' Video purveyor Vimeo Inc. set out to emulate Digg, but as a company executive later told Fortune, 'we didn't want to call it 'Diggs,' so we came up with 'Likes.''
The Vimeo 'Like' button was introduced in November 2005. Facebook, after a year and a half of pushback from Chief Executive Officer Mark Zuckerberg, debuted its thumbs-up 'like' symbol in February 2009, catapulting the concept from social media experiment to mainstream ubiquity. Since then, according to estimates from the BCG Henderson Institute, Boston Consulting Group's in-house think tank, people worldwide have clicked or pressed 'like' in some form more than 300 trillion times.
This chart and the story told above are borrowed from Like: The Button That Changed the World, a new book from BCG Henderson Institute Chairman Martin Reeves and Bob Goodson, currently the CEO of artificial intelligence company Quid Inc. and, in September 2004, employee No. 1 at Yelp. While packing for a move, Goodson stumbled across a sketch he had made in May 2005 of thumbs-up and thumbs-down symbols for use with Yelp reviews — not the approach the company chose, but a sign of what was to come. He showed it to his friend Reeves, and this book is the result.
My initial impression upon seeing the title was that it was about just the Facebook thumbs-up, and I wondered whether that justified an entire book. In fact, Reeves and Goodson's account encompasses hearts, checkmarks and every other single-touch method of signaling approval or at least acknowledgment online and manages to combine journalistic details and consulting-firm frameworks in charmingly enlightening fashion.(1) Along the way it raises many questions about what the like button has meant for the world, some of which it answers.
Much of the power of digital liking, Reeves explained when I talked to him about the book, lies in how it blends two key drivers of human social behavior, signaling simultaneously that:
This combination helped supercharge the rise of advertising on social media, as likes enabled advertisers both to get instant feedback and to segment audiences in ways that hadn't been possible before. It also helped fry lots of social media users' brains by subjecting them to endlessly recurring popularity contests that often rewarded the most extreme and outrageous online behavior. I use the qualifier 'helped' because it's clearly not just the 'like' button that did these things. Also crucial were the ability to share social media posts or videos and to see how often they'd been shared or viewed. Advertisers now often favor measures of online engagement and behavior that are more nuanced and harder to fake than likes. But it all started with liking.
As I contemplate my own use of thumbs-ups and hearts and other such low-effort interactions, I worry that their very ease of use is chipping away at the ties that bind me with others. Again, this is a broader phenomenon than just the like button. Facebook and LinkedIn have made it easier than ever to stay in touch with old friends and colleagues, but their rise has coincided with a sharp decline in how many close friends Americans say they have. For more than a decade now I have been at least vaguely aware of what almost everyone I've ever known is up to, and have signaled my approval of countless meals, children's accomplishments and dog photos. But all this seems to have translated into less real-world contact, not more.
There's a small but growing behavioral-science literature emphasizing the value of effort, which had previously been seen only as a cost to be avoided. 'While it is clear that people will work hard to obtain something of value, what has been largely overlooked is the notion that working hard can also make those same things more valuable,' psychologists Michael Inzlicht, Amitai Shenhav and Christopher Y. Olivola wrote in a 2018 summary of recent research in the journal Trends in Cognitive Science. 'Effort can even be experienced as valuable or rewarding in its own right.'
The ability to click on a thumbs-up or some other symbol of acknowledgment or approval is of a piece with many other recent innovations that remove friction and effort from interactions online and transactions online and off. I'm not going to deny that most of these innovations are useful. But without actual friction, the physical world would be pretty much impossible to navigate, and I suspect that may be the case with metaphorical friction as well.
More From Bloomberg Opinion:
(1) It is published by the Harvard Business Review Press, of which I was the editorial director more than a decade ago. I don't think this affected my opinion of the book but figured I should at least mention it.
This column reflects the personal views of the author and does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of 'The Myth of the Rational Market.'
More stories like this are available on bloomberg.com/opinion
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 hours ago
- Time of India
Garena Free Fire Max Redeem Codes for today, 13 August 2025: Unlock 10+ free rewards now
Garena has released fresh Free Fire Max redeem codes for August 13, 2025, giving players a chance to unlock weapon skins, gold, diamonds, and exclusive characters. These codes are time-limited, so make sure to claim them before they expire. What Is Garena Free Fire Max? Garena Free Fire Max is the enhanced version of the original Free Fire, featuring improved graphics, smoother animations, and upgraded gameplay mechanics. It launched globally in September 2021 and is available on both Android and iOS devices. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Free Fire Max Redeem Codes – August 13, 2025 F2Q6W1E9R4T7Y3U5 F8I4O2P6A9S3D1F7 F6Y4T8R2E5W1Q9Z3 F1O5P9A3S7D2F6G8 F9M3N7B1V5C8X2Z4 F2E8R4T6Y1U9I3O5 F4N8M2B6V1C7X3Z5 F5L1K7J3H9G4F2E6 F8Z2X6C4V9B1N7M3 F3Q7W5E1R8T2Y6U4 F6I9O3P7A2S5D1F8 F4N1M5B3V7C9X2Z6 F1G8H3J5K2L9M4N6 F5Z3X9C1V7B2N8M4 F7U1Y5T3R9E2W6Q4 F7U3Y9T1R6E4W8Q2 F1O6P2A8S4D9F3G7 F9M4N2B8V6C1X7Z3 How to Redeem Free Fire Max Codes Visit the Garena Free Fire Rewards Redemption Site. Log in using Facebook, Google, or X (Twitter). Enter your redeem code in the box provided and click Confirm. Once redeemed, you'll receive a confirmation message. Rewards will be sent to your in-game mail. Diamonds & gold → Added directly to your wallet. Items & skins → Available in the Vault tab. Key Tips for Redeeming Codes Ensure your Free Fire Max account is linked to a social media platform (codes won't work on guest accounts). Codes are valid for 12–18 hours from release. Each code can only be redeemed once per account.


India.com
5 hours ago
- India.com
Why Is Everyone Sharing The Same Message On Facebook? Uncovering The Truth Behind The Viral Privacy Post
New Delhi: A curious trend has lately taken over Meta (formerly Facebook) feeds. Users are posting identical messages claiming to block the platform from using their photos and personal data. These posts urge friends to copy and paste the same declaration on their own timelines. The warning is that failing to do so gives Meta legal permission to use their content. This wave of viral posts has raised many questions. Does sharing such messages really protect privacy? The short answer is no. When a person creates a Meta account, he/she agrees to the platform's terms and conditions. These rules clearly explain what kind of data the site collects and how it may be used. Users can read these policies anytime in their account settings. Posting a copy-paste message does not override these agreements or prevent the platform from gathering data. Privacy control depends on the settings you choose within your account, not on viral posts. Meta collects a broad range of information. This includes basic details such as names and birthdays, group memberships and contact lists uploaded from devices. It also tracks how users interact with the platform what they watch, like or use frequently. Device information such as operating system, battery status, network type, browser and location is gathered as well. While users can limit some data collection by adjusting privacy settings, no single post or message can stop the social networking site from accessing this information. This privacy-post trend is not new. Similar messages circulated earlier as well, but now they have gone viral in Hindi across India. Unfortunately, spreading such posts often does more harm than good. Hackers and fraudsters use these viral chains to identify users who are likely to believe and share misleading information. Instead of securing privacy, this activity can expose people to scams and cyber risks. The real way to protect privacy on Meta lies in understanding and managing your account settings. Users should regularly review who can see their posts, photos and personal details. Disabling 'Off-Facebook Activity' reduces data collected from other websites and apps. Removing untrusted third-party apps strengthens security. Adjusting ad preferences can limit personalised advertising. Above all, avoid sharing sensitive information or location details publicly. No app or setting can guarantee full privacy in today's connected world. For those who want absolute control, deleting social media accounts might be the only option. Even then, some data might remain stored by the company. Staying alert, using privacy controls wisely and thinking twice before posting remain the best defense for online privacy today.


Time of India
6 hours ago
- Time of India
Money trap: 40% cyber fraud cases this year came as investment bait
Gurgaon: The city appears to have become a fertile ground for cybercriminals preying on people's hunger to earn more and the risk appetite they have. Investment fraud has emerged as the most common cybercrime, accounting for nearly 40% of all online fraud cases reported in the city. It has ensnared thousands, from tech professionals to homemakers and retirees, luring them into fake investment schemes with promises of quick, high returns. The result is often devastation, leaving those who have been targeted chasing shadows and grappling with the loss of their hard-earned money. The city's cyber police cell has registered over 16,000 complaints in the first half of 2025, with 40% cases linked to investment fraud. ACP (cybercrime) Priyanshu Diwan said 1,300 fraudsters were arrested in the first half of this year, up from around 700 in the same period in 2024. "Increased public awareness has helped reduce total financial fraud losses from Rs 155 crore in 2024 to Rs 80 crore in the current year," he said. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon | Gold Rates Today in Gurgaon | Silver Rates Today in Gurgaon The modus operandi of these fraudsters is simple yet effective, according to police. Often operating through networks that are run from foreign shores, they bait targets with fraudulent stock trading apps, fake cryptocurrency platforms, or get-rich-quick schemes disseminated through Telegram and WhatsApp groups. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo Initially, victims are shown small, fabricated profits to build trust by cyber cons. Once convinced, they are encouraged to invest large sums, only to find the websites vanish, contacts go silent and their money gone without a trace. A case in point is a 57-year-old private employee from Sector 23, who was added to a WhatsApp group in Sept 2024. The group, comprising 56 members, was formed to give lessons on stock market investment. By Oct, he had downloaded an app and deposited Rs 1.3 crore into various bank accounts provided by the fraudsters. When he attempted to withdraw the money, he was asked to transfer an additional Rs 20 lakh as "investor tax". The moment he stopped transferring money, the fraudsters stopped attending calls. In another instance, a chartered accountant's daughter from Faridabad was conned of Rs 7.6 crore via a Facebook link promising lucrative stock market returns. Despite police efforts, which led to the arrest of 16 people across multiple cities, the financial losses continue to mount. Central to these scams is use of mule accounts — legitimate bank accounts rented or sold for a fee — which help funnel defrauded money and park it. Over 40% of those arrested in cyber fraud cases this year, according to cyber police, were found to have provided their bank accounts to criminals in exchange for cash or commissions. "The network of mule accounts is the lifeline of these fraud networks, enabling fraudsters to move money and hide their tracks," said ACP Diwan. The complexity of dismantling these networks lies in the rapid transfer of money through multiple accounts, conversion to cryptocurrency, and movement abroad, a police officer said. "Some of the mule account holders have even travelled to countries like Dubai and Cambodia to sell information on dozens of their accounts for hefty sums," he added. Police investigations have revealed that fraudsters contact potential mule account providers via messaging apps, offering money in exchange for account details, making money recovery and tracking exceedingly difficult. Police investigations have found that fraudsters pay commissions ranging from Rs 30,000 to Rs 2 lakh in exchange for handing over access to their bank accounts. Many mule account holders, according to police, claim ignorance about larger fraud operations. "Some said they were told their accounts would be used for business purposes or foreign remittances, while others look the other way, tempted by the promise of quick money," said the police officer. ACP Diwan said the cyber police are working extensively to dismantle the mule account network. "Without these accounts, fraudsters would struggle to operate. This year alone, more than 400 suspects have been arrested for providing accounts to criminals," he added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.